Counterpoint Mutual Funds LLC Takes $288,000 Position in Urban Outfitters, Inc. (NASDAQ:URBN)

Counterpoint Mutual Funds LLC bought a new stake in Urban Outfitters, Inc. (NASDAQ:URBN) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 5,244 shares of the apparel retailer’s stock, valued at approximately $288,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Jones Financial Companies Lllp raised its holdings in Urban Outfitters by 61.5% during the fourth quarter. Jones Financial Companies Lllp now owns 525 shares of the apparel retailer’s stock worth $29,000 after purchasing an additional 200 shares in the last quarter. GAMMA Investing LLC raised its holdings in Urban Outfitters by 36.3% during the fourth quarter. GAMMA Investing LLC now owns 759 shares of the apparel retailer’s stock worth $42,000 after purchasing an additional 202 shares in the last quarter. Quarry LP raised its holdings in Urban Outfitters by 32.3% during the third quarter. Quarry LP now owns 1,222 shares of the apparel retailer’s stock worth $47,000 after purchasing an additional 298 shares in the last quarter. Smartleaf Asset Management LLC raised its holdings in Urban Outfitters by 315.1% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,482 shares of the apparel retailer’s stock worth $82,000 after purchasing an additional 1,125 shares in the last quarter. Finally, Asset Management One Co. Ltd. raised its holdings in Urban Outfitters by 38.2% during the fourth quarter. Asset Management One Co. Ltd. now owns 1,699 shares of the apparel retailer’s stock worth $95,000 after purchasing an additional 470 shares in the last quarter. 77.61% of the stock is owned by hedge funds and other institutional investors.

Urban Outfitters Price Performance

URBN stock opened at $49.03 on Wednesday. The company’s 50 day simple moving average is $55.30 and its 200-day simple moving average is $46.85. The firm has a market capitalization of $4.52 billion, a PE ratio of 14.05, a P/E/G ratio of 1.02 and a beta of 1.56. Urban Outfitters, Inc. has a 12 month low of $33.86 and a 12 month high of $61.16.

Urban Outfitters (NASDAQ:URBN) last released its quarterly earnings results on Wednesday, February 26th. The apparel retailer reported $1.04 EPS for the quarter, beating the consensus estimate of $0.89 by $0.15. The business had revenue of $1.64 billion for the quarter, compared to analyst estimates of $1.63 billion. Urban Outfitters had a net margin of 6.11% and a return on equity of 15.86%. As a group, sell-side analysts anticipate that Urban Outfitters, Inc. will post 3.91 earnings per share for the current year.

Wall Street Analysts Forecast Growth

URBN has been the subject of several analyst reports. Morgan Stanley raised shares of Urban Outfitters from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $41.00 to $63.00 in a report on Tuesday, January 21st. JPMorgan Chase & Co. increased their price target on shares of Urban Outfitters from $46.00 to $54.00 and gave the stock a “neutral” rating in a report on Wednesday, January 8th. Barclays upped their target price on shares of Urban Outfitters from $63.00 to $68.00 and gave the stock an “overweight” rating in a research report on Friday, February 28th. Wells Fargo & Company upped their target price on shares of Urban Outfitters from $60.00 to $65.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 27th. Finally, Bank of America upped their target price on shares of Urban Outfitters from $46.00 to $53.00 and gave the stock a “buy” rating in a research report on Wednesday, November 27th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, Urban Outfitters presently has a consensus rating of “Hold” and an average target price of $56.00.

Insider Activity at Urban Outfitters

In related news, insider Azeez Hayne sold 11,676 shares of the company’s stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $54.75, for a total transaction of $639,261.00. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Tricia D. Smith sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $53.94, for a total transaction of $539,400.00. Following the transaction, the chief executive officer now directly owns 12,601 shares in the company, valued at $679,697.94. The trade was a 44.25 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 99,976 shares of company stock valued at $5,573,263. Company insiders own 31.80% of the company’s stock.

Urban Outfitters Company Profile

Urban Outfitters, Inc engages in the retail and wholesale of general consumer products. The company operates through three segments: Retail, Wholesale, and Nuuly. It operates Urban Outfitters stores, which offer women's and men's fashion apparel, activewear, intimates, footwear, accessories, home goods, electronics, and beauty products for young adults aged 18 to 28; and Anthropologie stores that provide women's apparel, accessories, intimates, shoes, and home furnishings, as well as gifts, decorative items, and beauty and wellness products for women aged 28 to 45.